Analysis of the S&P 500: Last attempt to take 4050. Waiting for a rollback to 3920-3860

What’s on the market now:

Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 – 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.

What today:

Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 – 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.

Here are my trading recommendations for today 11.15.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.

• If you want to buy:

Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.

• If you are not in the market:

If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 – 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.

Please note that my S&P 500 analysis is current as of the publication date. In fact, I am arguing that the analysis is correct only at the time of its publication and may be incorrect even a few hours after its publication. This is due to the fact that I analyze the trading volumes that are on the exchanges, and therefore it makes sense for you to follow me on Twitter. Or join my telegram trading channel: https://t.me/Financial_Consultant_1

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